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Property profile & analytics
FOR LEASE
Industrial properties
7115 Northland Ter N, Brooklyn Park, MN 55428
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US46-0344205
For Lease
1 / 2
$8,550,000
7115 Northland Ter N, Brooklyn Park, MN 55428
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1997
Lot
4.84 ac (210,830 SF)
APN
30-119-21-32-0011
UPID
US46-0344205
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.43M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.55M
Owner & transaction history
Mnjv Northland III LLC · 4 yrs held
Mnjv Northland III LLC
since 2022
Last sale
$8.6M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Brooklyn Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Brooklyn Park submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$8,450,000
ML approach
$7,430,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$8.55M
Range $7.70M – $9.41M · ±10% · vs last sale $8.60M (Apr 18 2022)
Last sale anchor
$8.60M
Apr 18 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$188,260
Tax year 2023
Assessed value
$6,000,000
Assessed 2023
Previous assessed
$5,457,500
+9.9% YoY
Effective rate
3.14%
On assessed value
Assessed land
$1,265,800
Assessed improvement
$4,734,200
Land market value
$1,265,800
Improvement market value
$4,734,200
Total market value
$6,000,000
Applied tax rate
279.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Lease
Year built
1997
Heating
NONE
Lot
4.84 ac (210,830 SF)
APN
30-119-21-32-0011
UPID
US46-0344205
Jurisdiction
HENNEPIN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1997
Heating
NONE
Lot
4.84 ac
Current owner
From public records · entity-resolved
Mnjv Northland III LLC
Entity
Mailing address
5050 LINCOLN DR STE #420, EDINA, MN 55436-1168
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 20, 2022
—
Mnjv Northland III LLC
—
Deed
related
$115,385,000 · Truist Bank
Apr 19, 2022
—
Mnjv Northland III LLC
Mip Northland III LLC
Re-recorded Document
related
$202,710,000 · Truist Bank
Apr 18, 2022
$8,600,000
Mnjv Northland III LLC
Mip Northland III LLC
Limited Warranty Deed
$202,710,000 · Truist Bank
Jan 7, 2022
—
Mip Northland III LLC
Altus Northland LLC
Limited Warranty Deed
$37,851,000 · Suntrust Bank
Oct 7, 2019
$7,000,000
Mip Northland III LLC
Altus Northland LLC
Grant Deed
$37,851 · Suntrust Bk
Apr 4, 2014
$25,650,000
Altus Northland LLC
Minnesota Industrial Props LP
Grant Deed
$18,000,000 · Paragon Life Ins Co/indiana
Jun 20, 2011
—
Minnesota Industrial Props LP
—
Deed Of Trust
related
$200,000,000 · Wells Fargo Bank
Jul 6, 2000
$4,666,500
Minnesota Industrial Propertie
Ryan Bp LLC
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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